Singapore-listed Mapletree Logistics Trust (MLT) has bought logistics firm KSH Infra from a unit of Morgan Stanley Real Estate Investing (MSREI). KSH Infra owns warehousing properties in Pune.
The transaction marks MLT's entry into the Indian logistics market.
The two warehousing and industrial logistics parks in Pune have a total area of about one million square feet and have been leased to blue chip multinationals.
MSREI bought a majority stake in KSH Infra for around Rs 350 crore in 2019.
Last year , Singaporean real estate asset manager Mapletree Investments bought part of 1.2 million sq ft warehouse in Chakan